Citizens Financial Group Inc (NYSE:CFG) – Stock analysts at Jefferies Financial Group lowered their Q3 2018 earnings per share estimates for Citizens Financial Group in a research note issued to investors on Monday, October 8th. Jefferies Financial Group analyst K. Usdin now expects that the bank will post earnings per share of $0.90 for the quarter, down from their previous forecast of $0.91. Jefferies Financial Group also issued estimates for Citizens Financial Group’s FY2018 earnings at $3.51 EPS and FY2020 earnings at $4.15 EPS.
Citizens Financial Group (NYSE:CFG) last posted its earnings results on Friday, July 20th. The bank reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Citizens Financial Group had a return on equity of 7.59% and a net margin of 26.72%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS.
Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Citizens Financial Group from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday, July 18th. ValuEngine upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Finally, Morgan Stanley lowered their target price on Citizens Financial Group from $53.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, September 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Citizens Financial Group has an average rating of “Hold” and an average price target of $46.89.
NYSE CFG opened at $39.23 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.68. The company has a market cap of $18.36 billion, a PE ratio of 15.21, a PEG ratio of 0.51 and a beta of 1.38. Citizens Financial Group has a one year low of $36.25 and a one year high of $48.23.
A number of large investors have recently added to or reduced their stakes in the stock. Ibex Wealth Advisors raised its holdings in Citizens Financial Group by 4.1% during the 3rd quarter. Ibex Wealth Advisors now owns 70,066 shares of the bank’s stock valued at $2,687,000 after buying an additional 2,791 shares during the period. New England Research & Management Inc. raised its holdings in Citizens Financial Group by 8.3% during the 3rd quarter. New England Research & Management Inc. now owns 35,950 shares of the bank’s stock valued at $1,387,000 after buying an additional 2,750 shares during the period. Northern Trust Corp raised its holdings in Citizens Financial Group by 1.7% during the 2nd quarter. Northern Trust Corp now owns 5,730,814 shares of the bank’s stock valued at $222,928,000 after buying an additional 96,971 shares during the period. Schroder Investment Management Group raised its holdings in Citizens Financial Group by 3.7% during the 2nd quarter. Schroder Investment Management Group now owns 2,063,638 shares of the bank’s stock valued at $81,534,000 after buying an additional 73,374 shares during the period. Finally, Mainstay Capital Management LLC ADV raised its holdings in Citizens Financial Group by 1,225.5% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 65,240 shares of the bank’s stock valued at $1,727,000 after buying an additional 60,318 shares during the period. Institutional investors own 96.79% of the company’s stock.
Citizens Financial Group Company Profile
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
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